Photographer: Silvia Neyra

Visit of Karel De Gucht, Member of the EC, to Peru

Karel De Gucht, Member of the EC in charge of Trade, travelled to Lima to Peru to promote the swift ratification of the trade agreement signed by the EU, Peru and Colombia in June 2012. The agreement provides for a new, stable, predictable and enforceable trading framework, thereby opening up new trade opportunities on all sides. It is expected that, once fully implemented, the deal will result in total tariff saving of more than 500 millions euro per year. On the EU side the procedure allowing for a provisional application of the agreement could be finalised by January 2013. The European Parliament is scheduled to vote on the agreement during its plenary session in December.